The shares trade for 1.2 times their reported Dec. 31 tangible book value of $134.06, and for 10.7 times the consensus 2014 EPS estimate of $14.89, among analysts polled by Thomson Reuters. The consensus 2013 EPS estimate is $13.58.
Goldman reported 2012 net earnings applicable to common stockholders of $7.3 billion, or $14.13 a share, increasing from $2.5 billion, or $4.51 a share, as the company's debt underwriting business saw a major recovery, and rising markets helped it earn solid profits on investments. The company reported a return on average common equity of 10.7% for 2012, increasing from 3.7% the previous year.
Credit Suisse analyst Howard Chen rates Goldman Sachs "outperform," with a 12-month price target of $160.00, saying in a report on Feb. 12 that "current valuations continue to suggest very low embedded return expectations."
Chen called Goldman "a best-in-class brokerage franchise with solid market positioning across myriad client businesses and a strong balance sheet," and said that "with a proven ability to gain and sustain market share across the franchise and a long track record of performance and achieving premier returns, we expect GS to continue to deliver fundamental results that are at the high end of the peer group."Credit Suisse estimates Goldman will earn $13.60 a share this year, and is way out in front of the consensus, estimating 2014 EPS of $16.10. GS data by YCharts
Interested in more on Goldman Sachs? See TheStreet Ratings' report card for this stock.
Email. Follow @PhilipvanDoorn
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV